Sensus Healthcare (Sensus Healthcare) Gross Margin % : 62.31% (As of Dec. 2023)

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What is Sensus Healthcare Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sensus Healthcare's Gross Profit for the three months ended in Dec. 2023 was $7.83 Mil. Sensus Healthcare's Revenue for the three months ended in Dec. 2023 was $12.57 Mil. Therefore, Sensus Healthcare's Gross Margin % for the quarter that ended in Dec. 2023 was 62.31%.

The historical rank and industry rank for Sensus Healthcare's Gross Margin % or its related term are showing as below:

SRTS' s Gross Margin % Range Over the Past 10 Years
Min: 54.81 Med: 64.23 Max: 67.03
Current: 57.61

During the past 11 years, the highest Gross Margin % of Sensus Healthcare was 67.03%. The lowest was 54.81%. And the median was 64.23%.

SRTS's Gross Margin % is ranked better than
57.16% of 796 companies
in the Medical Devices & Instruments industry
Industry Median: 53.295 vs SRTS: 57.61

Sensus Healthcare had a gross margin of 62.31% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Sensus Healthcare was -0.80% per year.

Sensus Healthcare Gross Margin % Historical Data

The historical data trend for Sensus Healthcare's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sensus Healthcare Gross Margin % Chart

Sensus Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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64.40

54.81

62.82

66.53

57.61

Sensus Healthcare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															63.72	47.51	57.85	51.03	62.31

Competitive Comparison of Sensus Healthcare's Gross Margin %

For the Medical Devices subindustry, Sensus Healthcare's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sensus Healthcare's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sensus Healthcare's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Sensus Healthcare's Gross Margin % falls into.

Sensus Healthcare Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Sensus Healthcare's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	14.1	/	24.405
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(24.405 - 10.345)	/	24.405
	=	57.61 %

Sensus Healthcare's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	7.8	/	12.567
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12.567 - 4.736)	/	12.567
	=	62.31 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Sensus Healthcare (NAS:SRTS) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Sensus Healthcare had a gross margin of 62.31% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Sensus Healthcare Gross Margin % Related Terms

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Sensus Healthcare (Sensus Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sensus Healthcare Inc (NAS:SRTS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

5TX:Germany

Address

851 Broken Sound Parkway, NW, Suite 215, Boca Raton, FL, USA, 33487

Website

https://www.sensushealthcare.com

Sensus Healthcare Inc is engaged in manufacturing a superficial radiotherapy system. These devices are used for treating skin cancers including basal cell and squamous cell skin cancers and other skin conditions such as keloids. Its product includes SRT-100, SRT-100 vision, and a sentinel service program. The company's revenue is generated majorly from customers in the United States.

Executives

Joseph C Sardano	director, officer: Chief Executive Officer	851 BROKEN SOUND PARKWAY NW, STE. 215, BOCA RATON FL 33487
Michael Sardano	officer: GENERAL COUNSEL	851 BROKEN SOUND PARKWAY NW STE. 215, BOCA RATON FL 33487
John Heinrich	director	851 BROKEN SOUND PARKWAY NW, STE. 215, BOCA RATON FL 33487
Samuel O'rear	director	851 BROKEN SOUND PARKWAY NW, STE. 215, BOCA RATON FL 33487
Magdalena Martinez	officer: Chief Operating Officer	851 BROKEN SOUND PARKWAY NW #215, BOCA RATON FL 33487
Emiliano Sosa	officer: Chief Technology Officer	851 BROKEN SOUND PARKWAY NW #215, BOCA RATON FL 33487
William H Mccall	director	851 BROKEN SOUND PARKWAY NW STE. 215, BOCA RATON FL 33487
Nicolas Soro	officer: Chief Operating Officer	851 BROKEN SOUND PARKWAY NW STE 215, BOCA RATON FL 33487
Javier Rampolla	officer: Chief Financial Officer	851 BROKEN SOUND PARKWAY NW STE 215, BOCA RATON FL 33487
Stephen Brad Cohen	officer: EXECUTIVE VICE PRESIDENT	851 BROKEN SOUND PARKWAY NW, STE. 215, BOCA RATON FL 33487
Megan Cornish	director	851 BROKEN SOUND PARKWAY NW #215, BOCA RATON FL 33487
Yonatan Vainer	officer: Chief Technology Officer	851 BROKEN SOUND PARKWAY NW #215, BOCA RATON FL 33487
Russ Price	officer: Chief Technology Officer	851 BROKEN SOUND PARKWAY NW STE 215, BOCA RATON FL 33487
Kalman Fishman	officer: CHIEF TECHNOLOGY OFFICER	851 BROKEN SOUND PARKWAY NW #215, BOCA RATON FL 33487
Richard Golin	officer: EXECUTIVE VICE PRESIDENT	851 BROKEN SOUND PARKWAY NW, STE. 215, BOCA RATON FL 33487